Westfield Bank F S B Mortgage Lending & HMDA Data, 2005
In 2005, Westfield Bank F S B of Westfield Center, OH reported 360 mortgage applications totaling $57.3 million, up 13% from 2004. The average application was for $159,033, and applicants reported an average income of $69,402. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (131), Akron, OH (63) and Canton-Massillon, OH (46) (applications in parentheses).
| Mortgage Company & Address | Westfield Bank F S B Two Park Circle Westfield Center, OH 44251 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 360 |
| Total Mortgage Loan Application Amount | $57,252,000 |
| Average Mortgage Loan Application Amount | $159,033 |
| Highest Mortgage Loan Application Amount | $1,076,000 |
| Average Applicant Income | $69,402 |
| Highest Applicant Income | $917,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Westfield Bank F S B filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Medina, Ohio | 71 | $ 12,698,000 | $ 178,845 | $ 85,000 |
| Summit, Ohio | 58 | $ 9,195,000 | $ 158,534 | $ 63,000 |
| Cuyahoga, Ohio | 46 | $ 6,894,000 | $ 149,869 | $ 33,000 |
| Stark, Ohio | 45 | $ 6,348,000 | $ 141,066 | $ 81,000 |
| Wayne, Ohio | 38 | $ 4,276,000 | $ 112,526 | $ 84,000 |
| Lorain, Ohio | 10 | $ 1,083,000 | $ 108,300 | $ 63,000 |
| Lucas, Ohio | 6 | $ 1,722,000 | $ 287,000 | $ 90,000 |
| Franklin, Ohio | 5 | $ 731,000 | $ 146,200 | $ 43,000 |
| Portage, Ohio | 5 | $ 415,000 | $ 83,000 | $ 34,000 |
| Lancaster, Pennsylvania | 4 | $ 997,000 | $ 249,250 | $ 70,000 |
| Ashland, Ohio | 3 | $ 209,000 | $ 69,666 | $ 50,000 |
| Geauga, Ohio | 3 | $ 588,000 | $ 196,000 | $ 102,000 |
| Holmes, Ohio | 3 | $ 475,000 | $ 158,333 | $ 115,000 |
| Jackson, Missouri | 2 | $ 126,000 | $ 63,000 | $ 41,000 |
| Cheshire, New Hampshire | 2 | $ 160,000 | $ 80,000 | $ 45,000 |
| Ashtabula, Ohio | 2 | $ 230,000 | $ 115,000 | $ 40,000 |
| Richland, Ohio | 2 | $ 229,000 | $ 114,500 | $ 43,000 |
| Warren, Ohio | 2 | $ 342,000 | $ 171,000 | $ 97,000 |
| Charleston, South Carolina | 2 | $ 1,192,000 | $ 596,000 | $ 348,000 |
| Sumner, Tennessee | 2 | $ 467,000 | $ 233,500 | $ 56,000 |
| Maricopa, Arizona | 1 | $ 254,000 | $ 254,000 | $ 87,000 |
| Larimer, Colorado | 1 | $ 185,000 | $ 185,000 | $ 27,000 |
| Collier, Florida | 1 | $ 300,000 | $ 300,000 | $ 120,000 |
| Duval, Florida | 1 | $ 164,000 | $ 164,000 | $ 40,000 |
| Hillsborough, Florida | 1 | $ 162,000 | $ 162,000 | $ 35,000 |
| Orange, Florida | 1 | $ 171,000 | $ 171,000 | $ 382,000 |
| Kane, Illinois | 1 | $ 264,000 | $ 264,000 | $ 78,000 |
| Woodford, Illinois | 1 | $ 150,000 | $ 150,000 | $ 55,000 |
| Clark, Indiana | 1 | $ 28,000 | $ 28,000 | $ 57,000 |
| Hamilton, Indiana | 1 | $ 134,000 | $ 134,000 | $ 56,000 |
| Wabash, Indiana | 1 | $ 227,000 | $ 227,000 | $ 65,000 |
| Campbell, Kentucky | 1 | $ 232,000 | $ 232,000 | $ 100,000 |
| Warren, Kentucky | 1 | $ 119,000 | $ 119,000 | $ 57,000 |
| Orleans, Louisiana | 1 | $ 150,000 | $ 150,000 | $ 56,000 |
| Garrett, Maryland | 1 | $ 245,000 | $ 245,000 | $ 34,000 |
| Eaton, Michigan | 1 | $ 264,000 | $ 264,000 | $ 113,000 |
| St. Louis, Missouri | 1 | $ 356,000 | $ 356,000 | $ 135,000 |
| Clark, Nevada | 1 | $ 112,000 | $ 112,000 | $ 30,000 |
| Monmouth, New Jersey | 1 | $ 80,000 | $ 80,000 | $ 360,000 |
| Adams, Ohio | 1 | $ 96,000 | $ 96,000 | $ 52,000 |
| Carroll, Ohio | 1 | $ 93,000 | $ 93,000 | $ 17,000 |
| Delaware, Ohio | 1 | $ 114,000 | $ 114,000 | $ 39,000 |
| Erie, Ohio | 1 | $ 160,000 | $ 160,000 | $ 52,000 |
| Fairfield, Ohio | 1 | $ 148,000 | $ 148,000 | $ 46,000 |
| Fulton, Ohio | 1 | $ 142,000 | $ 142,000 | $ 69,000 |
| Hamilton, Ohio | 1 | $ 154,000 | $ 154,000 | $ 61,000 |
| Hocking, Ohio | 1 | $ 94,000 | $ 94,000 | $ 33,000 |
| Knox, Ohio | 1 | $ 185,000 | $ 185,000 | $ 185,000 |
| Lake, Ohio | 1 | $ 102,000 | $ 102,000 | $ 38,000 |
| Mahoning, Ohio | 1 | $ 122,000 | $ 122,000 | $ 50,000 |
| Ottawa, Ohio | 1 | $ 320,000 | $ 320,000 | $ 180,000 |
| Putnam, Ohio | 1 | $ 85,000 | $ 85,000 | $ 33,000 |
| Shelby, Ohio | 1 | $ 85,000 | $ 85,000 | $ 143,000 |
| Tuscarawas, Ohio | 1 | $ 149,000 | $ 149,000 | $ 68,000 |
| Dauphin, Pennsylvania | 1 | $ 136,000 | $ 136,000 | $ 83,000 |
| Horry, South Carolina | 1 | $ 480,000 | $ 480,000 | $ 240,000 |
| Oconee, South Carolina | 1 | $ 197,000 | $ 197,000 | $ 53,000 |
| Bradley, Tennessee | 1 | $ 268,000 | $ 268,000 | $ 105,000 |
| Knox, Tennessee | 1 | $ 82,000 | $ 82,000 | $ 36,000 |
| Williamson, Tennessee | 1 | $ 600,000 | $ 600,000 | $ 235,000 |
| Chesterfield, Virginia | 1 | $ 266,000 | $ 266,000 | $ 95,000 |
| New Kent, Virginia | 1 | $ 217,000 | $ 217,000 | $ 60,000 |
| Spotsylvania, Virginia | 1 | $ 220,000 | $ 220,000 | $ 62,000 |
| Brooke, West Virginia | 1 | $ 47,000 | $ 47,000 | $ 58,000 |
| Kanawha, West Virginia | 1 | $ 280,000 | $ 280,000 | $ 152,000 |
| Monongalia, West Virginia | 1 | $ 17,000 | $ 17,000 | $ 42,000 |
| Ohio, West Virginia | 1 | $ 110,000 | $ 110,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Westfield Bank F S B in 2005
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 242 | $37,832,000 | $184,187 | $1,076,000 | $82,437 | $917,000 |
| Refinancing | 118 | $19,420,000 | $244,833 | $850,000 | $128,583 | $450,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 301 | $50,539,000 | $194,052 | $1,076,000 | $100,789 | $917,000 |
| Not Provided | 53 | $6,036,000 | $133,200 | $580,000 | $56,800 | $285,000 |
| Black or African American | 3 | $173,000 | $57,000 | $94,000 | $44,000 | $55,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $120,000 | $60,000 | $61,000 | $116,000 | $120,000 |
| Asian | 1 | $384,000 | $384,000 | $384,000 | $169,000 | $169,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 349 | $55,917,000 | $194,450 | $1,076,000 | $94,850 | $917,000 |
| FHA-insured (Federal Housing Administration) | 7 | $781,000 | $111,000 | $148,000 | $31,000 | $55,000 |
| VA-guaranteed (Veterans Administration) | 4 | $554,000 | $138,000 | $222,000 | $58,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 326 | $52,968,000 | $200,777 | $1,076,000 | $101,500 | $917,000 |
| Application Approved But Not Accepted | 13 | $1,820,000 | $68,666 | $239,000 | $55,000 | $132,000 |
| Application Denied By Financial Institution | 9 | $1,084,000 | $143,500 | $260,000 | $48,500 | $60,000 |
| Application Withdrawn By Applicant | 8 | $949,000 | $147,000 | $185,000 | $38,000 | $91,000 |
| File Closed For Incompleteness | 4 | $431,000 | $107,000 | $150,000 | $34,000 | $90,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 3 | $110,000 | $36,000 | $50,000 | $31,000 | $60,000 |
| Debt-To-Income Ratio | 2 | $434,000 | $217,000 | $260,000 | $59,500 | $60,000 |
| Employment History | 2 | $211,000 | $105,000 | $133,000 | $24,000 | $25,000 |
| Collateral | 2 | $329,000 | $164,000 | $212,000 | $48,000 | $51,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Westfield Bank F S B's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Westfield Bank F S B's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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